Sportobuddy Strikes A Seed Funding Deal of $1.5 mn

Sportobuddy, a disruptive online portal and app receives a seed fund of 0.5 million dollars at inception from Mehul Shah, ex IPL team owner. The amount raised was utilized by Sportobuddy to develop the platform. Post the beta launch, the brand is all set for a rollout, and has received a commitment of funding for a further 1.5 million dollars. Sportobuddy will utilize the allocated funds to push the brand in the digital space, reach out to its expanding user-base in a way more dynamic and continue on its path of finding key strategic partners pan-India to enable its vision of being a leading player in the field of sports and technology.

The company was founded by techie and avid sports lovers Sandeep Mahadevan and Sunil Kukadia, who were keen to marry sports with technology that will aid amateurs and enthusiasts alike. Through Sportobuddy, a user can discover, book, play and connect with fellow players in a manner sans any hassles. One can now map a universe of Gyms, Yoga and Zumba studios, adrenaline pumping adventure sports like rafting, para-sailing and trekking, a widespread of courts and turfs and professional coaching services. Also, a user can measure one’s own performances, interact with fellow-players, host tournaments and compete with others, all at the touch of a finger-tip. The app is set to launch its second phase soon.

We all have a united vision to develop the sporting landscape of India. The funding will be mobilized towards our key communication strategies and garner growth for the evolving network of partners across the nation. We are overwhelmed with a power-packed response by sports fraternity, indicating a promising maiden innings of our venture and look forward to a fruitful endeavor inclined towards the organization of sports sector of India’ said Sandeep Madhavan, co-founder, Sportobuddy.

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